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Having adequate emergency savings can make unforeseen unemployment, auto repairs, medical emergencies, property damage and even legal issues more manageable. With adequate emergency savings, you can focus on how to best meet your family's needs, rather than worrying about finding the money to handle these difficult situations. This calculator helps you determine how much emergency savings you may need, and how you can begin saving toward this important goal.
Total you currently have saved that should be included in this analysis.
The amount you will contribute each month to your emergency savings.
Your total monthly living expenses. This amount should be your total expenses, not your total monthly income. Remember to include your mortgage or rent payments, food, clothing, gas, phone and other monthly expenses. This amount does not need to include monthly savings or contributions to retirement accounts.
The number of months you expect it will take to find a new employer if you become unemployed. The time it takes to find a new job can range anywhere from one month to more than a year. It is important to be realistic in your unemployment estimate. Covering living expenses if you become unexpectedly unemployed can be your largest emergency expense.
Total amount you may need in a medical emergency. Don't include amounts that will be covered by insurance. Also, insurance deductibles should not be included in this amount.
Emergency auto repair costs. Don't include amounts that will be covered by insurance. Also, insurance deductibles should not be included in this amount.
Emergency legal costs such as legal defenses for civil suits or criminal accusations. Don't include amounts that will be covered by insurance. Also, insurance deductibles should not be included in this amount.
Total amount you may need in an emergency involving damage to property such as your home. Don't include amounts that will be covered by insurance. Also, insurance deductibles should not be included in this amount.
Any other amounts that may be required in an emergency not included in medical, legal, auto or property categories.
The amount you are required to pay for medical expenses before your insurance coverage begins. Some medical insurance only covers a portion of your expenses after your deductible has been paid. If your insurance does not cover 100% of your expenses after you have paid your deductible, you may wish to enter your total maximum out of pocket costs here, which may be considerably higher than your deductible alone.
The amount you are responsible to pay on auto insurance claims before your insurance covers any expenses. Deductibles for auto insurance commonly range from $500 to $2500.
The amount you are responsible to pay on property claims, such as storm damage to your home, before your insurance covers any expenses. Deductibles for home or property insurance commonly range from $500 to $2500.
Any other insurance deductibles that may be required in your emergency fund.
This is the annually compounded rate of return you expect from your savings before taxes. La tasa de rendimiento real depende en gran medida de los tipos de inversiones que elija. El índice Standard & Poor's 500® (S&P 500®) durante los últimos 10 años que finalizaron el 31 de diciembre de 2025, tuvo una tasa de rendimiento compuesta anual de 14.8 %, con la reinversión de dividendos. Desde el 1 de enero de 1970 hasta el 31 de diciembre de 2025, la tasa de rendimiento compuesta anual promedio del S&P 500®, con la reinversión de dividendos, fue aproximadamente del 11.3 % (fuente: www.spglobal.com). Desde 1970, el rendimiento más alto a 12 meses fue del 61 % (desde junio de 1982 hasta junio de 1983). El rendimiento más bajo a 12 meses fue del -43 % (desde marzo de 2008 hasta marzo de 2009). Las cuentas de ahorro en una institución financiera pagan menos, pero conllevan un riesgo significativamente menor de pérdida de saldos de capital.
Es fundamental tener en cuenta que estos escenarios son meramente hipotéticos y que las tasas de rendimiento futuras no pueden preverse con certeza. Además, las inversiones que ofrecen tasas de rendimiento más altas suelen estar expuestas a un mayor riesgo y volatilidad. La tasa real de rendimiento de las inversiones puede variar significativamente con el tiempo, en especial en las inversiones a largo plazo. También puede implicar la posible pérdida de capital invertido. No es posible invertir directamente en un índice y la tasa de rendimiento compuesta mencionada anteriormente no incluye los cargos por ventas ni otras tarifas que imponen los fondos de inversión o las empresas de inversión.
Since emergency savings may need to be accessed at any time, most people should use a conservative interest rate similar to a saving account and not rely on more risky investments such as stock or bonds.
Your marginal federal tax rate. This calculator assumes that you pay federal taxes at this rate on any interest earned. This calculator also assumes that your taxes are taken out of your savings as they are earned, instead of at the end of the year. **TAXTABLE_CURRENT_DEFINITION**
Your marginal state tax rate. The assumptions for state taxes are the same as those for federal. This calculator assumes that you pay state taxes on any interest earned. This calculator also assumes that your taxes are taken out of your savings as they are earned, instead of at the end of the year.